UP427 Lalit Modi Exclusive: “The Hundred is a non-starter”

The ECB is currently seeking investors for The Hundred franchises, the short form cricket competition and are selling a 49% stake that values them at up to £150m each. Today’s guest Lalit Modi disagrees. The founder of the Indian Premier League explains exclusively to Unofficial Partner why: “Based on the information memorandum a 100% stake in a team would be between £5m and £9m [for] outside London teams, and maximum, if one really wants a trophy asset, is London teams closer to £25m.”Earlier this year, Modi was involved in a $1bn (£747m) offer to buy the entire competition – with the intention of turning it into a T20 tournament – which was rebuffed. When an unrelated bid of £400m for a 75% stake was also rejected last year Richard Thompson, the ECB’s chairman, said it would take a bid of “a few billion” to convince them to sell.Unofficial Partner is the leading podcast for the business of sport. A mix of entertaining and thought provoking conversations with a who's who of the global industry. To join our community of listeners, sign up to the weekly UP Newsletter and follow us on Twitter and TikTok at @UnofficialPartnerWe publish two podcasts each week, on Tuesday and Friday. These are deep conversations with smart people from inside and outside sport. Our entire back catalogue of 500 sports business conversations are available free of charge here. Each pod is available by searching for ‘Unofficial Partner’ on Apple, Spotify and every podcast app. If you’re interested in collaborating with Unofficial Partner to create one-off podcasts or series and live events, you can reach us via the website.